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Dec 3, 2012
12/12
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sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we...
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Dec 4, 2012
12/12
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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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. >> hurricane sandy victims are still in the cold. are lawmakerssing the super storm to push the green agenda storm to push the green agenda and push you to pay more. can i help you? i heard you guys can ship ground for less than the ups store. that's right. ie learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you know how painful heartburn can be. for fast, long laing relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. at legalzoom, we've created a betteplace to hane your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer
. >> hurricane sandy victims are still in the cold. are lawmakerssing the super storm to push the green agenda storm to push the green agenda and push you to pay more. can i help you? i heard you guys can ship ground for less than the ups store. that's right. ie learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you know how...
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Dec 6, 2012
12/12
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Dec 9, 2012
12/12
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WBAL
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there was some hurricane sandy. i will tell you in auto sales and we're a sun belt company without any sandy effect, our sales improved 8% over october and we were up 21% in the month of november. that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying. we were talking about the fact that consumers are optimistic and business is sitting on cash anticipating the results of the fiscal cliff. what's it doing to your business? >> maria, it's amazing and a head scratcher and maybe i just worry too much but the american consumer believes, or has faith, confidence, whatever you call it that there will be some sort of resolution around the fiscal cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in to recession. so they are behaving as if the fiscal cliff will be resolved. so auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american co
there was some hurricane sandy. i will tell you in auto sales and we're a sun belt company without any sandy effect, our sales improved 8% over october and we were up 21% in the month of november. that had nothing to do with hurricane sandy. >> is the fiscal cliff affecting your business, mike? are you seeing consumers hesitant about buying. we were talking about the fact that consumers are optimistic and business is sitting on cash anticipating the results of the fiscal cliff. what's it...
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Dec 3, 2012
12/12
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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are all the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of americans and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possible that you don't forget those charities that are there for you all year-round. gerri: up 7.5% for the big charities. that is an amazing number. ken, thanks for coming on. it is charitynavigate tore.org, correct? >> correct. gerri: great website. president obama and his family getting into the christmas spirit at the 90th tree-lighting ceremony at the whites house. it was transplanted to the white house days before the hurricane. look at that. it is cool. it made it through unharmed. obama was saying santa claus is coming to town. this is the tree outside. guess what? there are 54 more of them inside the house. than last year. the
are all the sandy charities getting all the money this year? >> unfortunately when disasters happen there is flood of money because of a good heart of americans and it is appropriate that way, but when it happens right have to make choices where your charitable dollars to go there is tension and some charities that lose out that really need help. of course it is no easy choice for a donor. we recommend if at all possible that you don't forget those charities that are there for you all...
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Dec 7, 2012
12/12
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Dec 10, 2012
12/12
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FBC
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look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which h
look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million...
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Dec 4, 2012
12/12
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but we now have courtesy of sandy. that said, i said i blew it. home depot is better. home depot is looking like a lot better bet than tractor supply. now let's go over the biotechs, gilead and alexia. gilead has given you a nice 8% rally. i think it's got more room to run. they're number one maker of hiv drugs and developing a new treatment for hepatitis c that has potential to be a megablockbuster. gilead was the darling of the american association for the study of liver disease and the company reported positive results from the late-stage studies of its hep c pill which could be approved by the fda next year. plus gilead has a deep pipeline including a new cancer drug. this story playing out just as we thought. best of all, gilead, i'm calling this one immune to the fiscal cliff-induced recession. people do not stop taking life-saving medicines just because the economy slows down. alexeon, on the other hand, no. not so hot. the stock has tripled since i first got behind it it's down about 14% since i highlighted it as an anointed growth stock two months ago. that's
but we now have courtesy of sandy. that said, i said i blew it. home depot is better. home depot is looking like a lot better bet than tractor supply. now let's go over the biotechs, gilead and alexia. gilead has given you a nice 8% rally. i think it's got more room to run. they're number one maker of hiv drugs and developing a new treatment for hepatitis c that has potential to be a megablockbuster. gilead was the darling of the american association for the study of liver disease and the...
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Dec 10, 2012
12/12
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i'm worried about the sandy. you've got to keep interest in the end. insurance companies, got to keep capital free. >> i wanted to mention, we mentioned this on friday, the chinese have been aggressive, setting records in terms of merger and acquisition volume. we talked about this on friday, take a look across the borders from china, that helps the story. that $15 billion deal did get approved from the canadian government. they do own some assets in the gulf of mexico. although that is not expected to be problematic at this point. but take a look at what happened in the stocks on friday. that, after we received word there would be a statement from the canadian prime minister. that freaked a lot of risk arms out. did not have a lot of conviction here. thinking, why is it going to come out with a statement if they're approving the deal. you come out and say something if you weren't. but they did come out with a statement and indicated perhaps we won't see any more of these large deals. comp stock is up, as you might expect. >> you heard this deal will b
i'm worried about the sandy. you've got to keep interest in the end. insurance companies, got to keep capital free. >> i wanted to mention, we mentioned this on friday, the chinese have been aggressive, setting records in terms of merger and acquisition volume. we talked about this on friday, take a look across the borders from china, that helps the story. that $15 billion deal did get approved from the canadian government. they do own some assets in the gulf of mexico. although that is...
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Dec 7, 2012
12/12
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WTTG
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president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion workers. the bill has caused quite an uproar with union workers who say union rights are now at risk. ballet between labor and business could hit the auto industry especially hard. the governor says the bill promotes work equality. >>> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has bee
president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work...
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using sandy, a lot of problems that were, you know, brought to the floor as a result of sandy. i n't know that climate change is the numb one one, i mean, it could be where we are living. i mean, the type of insurance that we're buying and selling, what the government is backing, where we allow people to build homes. there's a lot of issues that we might want to tackle before we talk about climate change related to sandy. neil: when you spend money to address a problem, you need money to address the problem. >>reat point. neil: i wonder whether you believe climate change, warmin manmade or not, but they force the issue. i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far as what you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up for changing that, increased energy prices, veh
using sandy, a lot of problems that were, you know, brought to the floor as a result of sandy. i n't know that climate change is the numb one one, i mean, it could be where we are living. i mean, the type of insurance that we're buying and selling, what the government is backing, where we allow people to build homes. there's a lot of issues that we might want to tackle before we talk about climate change related to sandy. neil: when you spend money to address a problem, you need money to...
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Dec 4, 2012
12/12
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over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a deal? >> i'm concerned about it. the good news is everybody sees this as an opportunity to really show american global leadership. the rest of the world is all messed up on this. we can show them how to get it done. they've also all agreed on the three buckets, that being revenues, entitlements, and spending reductions. the bad news is they haven't agreed on how much into each bucket. and i don't think they're trying to create a win/win for each other. most good negotiations, you try to help the other person come out with a win. i don't see that here. >> you h
over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a...
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it's true, the united nations pow wowing this week and using super storm sandy the reason why. and countries could pay up to 100 billion dollar to finance a green climate funds and help the poor nations fight global warming and one of the u.s. top scientists saying the is he vseverity of the storm is no coincidence. >> that's nonsense, i want a clean earth as much as anyone else. they can skim down the single hurricane on one facto or burning coal is nonsense. we had a bad hurricane in new england in the 30's and they didn't blame that on burning coal. we're burning a lot more coal relativeo the economy than we are now. there are control freaks out there. there are control freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never aonsensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one perso
it's true, the united nations pow wowing this week and using super storm sandy the reason why. and countries could pay up to 100 billion dollar to finance a green climate funds and help the poor nations fight global warming and one of the u.s. top scientists saying the is he vseverity of the storm is no coincidence. >> that's nonsense, i want a clean earth as much as anyone else. they can skim down the single hurricane on one facto or burning coal is nonsense. we had a bad hurricane in...
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Dec 7, 2012
12/12
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CNBC
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 5, 2012
12/12
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CNBC
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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Dec 4, 2012
12/12
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CNBC
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amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about this. it's the growth stock -- key to this market. gilliad has been great. same with ulta. you may laugh at ulta. i won't finish my sentence. >> i may. >> this double the store thing is what whole foods says. any time you can double stores, growth guys just love it. >> we're told there's no concern if we go over the fiscal cliff that that will result in some sort of a chill in the housing recovery offer the housing market. this harvard study that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households un
amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about...
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Dec 3, 2012
12/12
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CNBC
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particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to 2013. >> are you buying the market on any pullback? >> i like the santa claus rally with josh and would be raising cash. i think the risk in the markets further on the down side than the up side. but when you see some real pullbacks, buy the stock if you like it. >> morgan stanley's top market watcher has been bearish all year and not ready to change his mind. adam parker joins us live. welcome back to halftime. good to see you. >> how are you, scott? >> 1167 is where you thought we would be at the end of the year. you'll be far short. why aren't you willi
particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to...
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david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow right now. dell, however, had a nice pop today based on what goldman sachs was saying about it. >> exactly. goldman upgrading the stock all the way to a buy from a sell. it was one of the best performers not only on the s&p 500, but also on the nasdaq 100. so dell certainly a winner today. >> and, lauren, we saw you wearing your uggs on the trading floor, deckers outdoor the maker of those boots, it's getting a nice pop. >> up more than 9%. the folks over at stern ag upping the stock to a buy but also saying the season of the ugg is going to be august of
david: sandy in for liz today, good to see you. san da: good to see you. david: jpmorgan whale trader, the senate's been investigating it. questioning as many as 80 people who may have been associated. we're expecting some breaking news any moment now about that investigation. l. >> and we'll have that for you as it comes in. david: let's go to lauren simonetti. she's at the new york stock exchange. lauren, let's start right off, what's happening? the market is down 56 points on the dow...
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the most vocal of sandy's victims is blasting back. find out why coming up next. >> we are the people that are ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. now we need a little t more... [ male announcer at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating ang national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the
the most vocal of sandy's victims is blasting back. find out why coming up next. >> we are the people that are ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. now we need a little t more... [ male announcer at humana, we understand the value of quality...
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al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global waing. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the and saying it's too bad that the congress can't act. ins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i ed to rethink the core of my portfolio. at i really ne is eep. introducing the isharecore, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors oose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of incipal. i heard you guys can ship ground for less than the ups store. that's right. i've learned the ly way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get
al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global waing. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the and saying it's too bad that the congress can't act. ins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i ed to rethink the core of my portfolio. at i really ne is eep....
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Dec 5, 2012
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 10, 2012
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also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time y
also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd...
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sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but because the way the labor department counts full-time workers part time workers and whether people work at all, and when they work, it didn't show up in the headline numbers . one thing that did, 350,000 people left the workforce in november. that was one reason again why the unemployment rate dropped to 7.7%. ashley and tracy. ashley: sounded good to begin with then you take in those factors as peter outlined, maybe not so good. peter, thank you so much. tracy: there is lot more ugly in the report and we'll talk about it now actually bec
sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but...
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Dec 4, 2012
12/12
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residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden sym
residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ engine...
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and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. hour. up here first, forget fees in this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, theirrother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list agn? ho ho ho! let me guess, am on the naughty list agn? music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people look
and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. hour. up here first, forget fees in this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, theirrother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells,...
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Dec 4, 2012
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residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you c
residentses in the northeast are still left with no place to call home in the wake of the superstorm sandy. mr. president, where is all that help you promised? you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and...
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Dec 5, 2012
12/12
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hurricane sandy spared the statue but did widespread repair on the island. the statue just got a $30 million spruceup that closed it for a year and it reopened the day before hurricane sandy. >> that's a shame. that was a storm. that was -- 13-foot water level. >> probably for a time all that was visible was the statue itself in the entire island surrounding it under water. kind of crazy. our storm around here in comparison not as big but it was a significant blow we tack over the past couple of days. many of you had more than half a foot of rainfall in just five days. we do have another round of rain moving in. i'm not going to call it a storm. we won't have flooding or widespread problems from the next system, just rain moving through. 63 degrees in livermore, san jose, san francisco and oakland. santa rosa with some rain showers around for you with 54. concord 57. have you noticed the lack of sunshine? taking that extra vitamin d pill in the morning? only 3 of the past 19 days have been sunny. i'm happy to report that will change coming up. but we have it
hurricane sandy spared the statue but did widespread repair on the island. the statue just got a $30 million spruceup that closed it for a year and it reopened the day before hurricane sandy. >> that's a shame. that was a storm. that was -- 13-foot water level. >> probably for a time all that was visible was the statue itself in the entire island surrounding it under water. kind of crazy. our storm around here in comparison not as big but it was a significant blow we tack over the...
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what is going to happen to the victims of hurricane sandy? in all the boroughs. everywhere you go. those who are having the same issue. what is there going to be a quality life in 10 years? neil: did you have any chance of dressing up as to talk about and it is? >> predent obama i met personally. and i told him that he lied, enter, lies, they are all liars. neil: you told him that the presence face? >> well, he told me to relax. when i told him -- neil: he told you last? >> yes, he said let me tell him my concerns. and i said president obama, you are not doing what you're supposed to be doing. he said scott, fema works for me and i can help you with insurance and without your -- with your mortgage, they took down my information and they wrote down my name two days later we heard from the mouth and right after we talked to the guy, they did give his rentals systems the ascends the same day i spoke to the president, $3000 from i believe it was under a lot of pressure. my wife handles that. and they are telling you every two months must be cocerned. come look at my house, that's what
what is going to happen to the victims of hurricane sandy? in all the boroughs. everywhere you go. those who are having the same issue. what is there going to be a quality life in 10 years? neil: did you have any chance of dressing up as to talk about and it is? >> predent obama i met personally. and i told him that he lied, enter, lies, they are all liars. neil: you told him that the presence face? >> well, he told me to relax. when i told him -- neil: he told you last? >>...
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Dec 7, 2012
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>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what we'd like to see. >> maybe, tom, it is not that we are a nation of pessimists. it is that we're a nation of realists. maybe sort of from a strk turl long point of view we just have to get used to this. >> that's a great point. 150,000 is not good enough depending on your expectations for growth. if you're looking for 1.5% to 2% growth you are probably in the sweet spot. but if you are looking for something more, looking for 2.5% to 3% growth you need much more job growth to see that outcome. but we're not there. we don't think we'll get there. there's still too many headwind facing the small business segment
>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what...
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Dec 3, 2012
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now we are about to make the same mistakes with respect to the clean up of sandy that we made when we wasted tens of millions with katrina. i am radical on this. my feeling is if we are going to help the victims, give the money to the victims. or to the salvation army or the red cross or the kinds of institutions we know are providing the real help. do not give it to the politics and the state. that is a middle class taking away 10 percent or 20 percent of the money. >>neil: who gave charlie for the money, i an herery of charlie, in had case, sam, uncle sam. how close to the $42 billion will the governor get or a comparable sum that the governors of new jersey and connecticut are looking at? >>guest: they will get almost all of it. when does congress say know to any of the people? our hearts bleed for the people who lost their homes to the terrible storm so you have the victims, they will put them on tv and say you got to give us the hundred and that brings me to a second point. if we are going to give, it will probably be well over $50 billion, why not have a policy when we have a cr
now we are about to make the same mistakes with respect to the clean up of sandy that we made when we wasted tens of millions with katrina. i am radical on this. my feeling is if we are going to help the victims, give the money to the victims. or to the salvation army or the red cross or the kinds of institutions we know are providing the real help. do not give it to the politics and the state. that is a middle class taking away 10 percent or 20 percent of the money. >>neil: who gave...
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the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meet
the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl:...
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Dec 10, 2012
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sandy, fiscal cliff. but as a result, the ones that fall and come down a lot, those are the ones you pick at. >> and pope benedict is launching a new application. pope to you on facebook. the application lets you listen to his words, see his pictures and receive messages of congratulations through virtual post cards. >>> all right, all right, sema? >> hewlitt packard jumping nearly 4%. carl may be interested in the company. hp facing serious issues and the stock faulling 44%. own an fast money at 5:00, we want to know if you think they can rise from the dead. >> thank so much. >>> final trades up next when we come back on "halftime." s. i d'. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes inve
sandy, fiscal cliff. but as a result, the ones that fall and come down a lot, those are the ones you pick at. >> and pope benedict is launching a new application. pope to you on facebook. the application lets you listen to his words, see his pictures and receive messages of congratulations through virtual post cards. >>> all right, all right, sema? >> hewlitt packard jumping nearly 4%. carl may be interested in the company. hp facing serious issues and the stock faulling...
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Dec 6, 2012
12/12
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estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in yen terms over the course of the last two months you are profitable. somebody owns gold in dollar terms is down several points. gold is nothing more than another currency, crossed against other currencies and there's nothing spectacular about gold, it's just a currency. >> call it a slick slide for oil, crude falling 2% nearing its lowest level in three weeks. for more let's go to jackie deangelis, the host of "futures now." >> crude having a tough day, the question is why. look at this chart dollar strength is causing major pain for oil, our question today is there more to selling than just the dollar rally? let's
estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in...
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gerri: been morehan a month since hurricane sandy ravaged the east coast. new york governor andrew cuomo seeking federal aidfor the victims of superstar and sandy, new york and new jersey requting $79 billion from the federal government in order to rebuild. but there are still many foks picking up the pieces, trying to rebuild there lives and businesses. my next guest who lost her entire store in the storm. she says the government has done nothing to help work and finds herself in a circle of red tape. if you for coming in the show. appreciated. >> thanks you for having me in letting me tell not only my story, but the story ofmany small businesses better in the same predicament as i am. gerri: you had a store that had been around since 2004. >> i have been in my store for about nine years. my heart and soul. fresh and homemade. a pillar of the community. gerri: very involved. >> very involved. we donate bagels a project hospitality. our bagels aren the hospital. involved in many of the school activities in different organizations. gerri: tell me how they fi
gerri: been morehan a month since hurricane sandy ravaged the east coast. new york governor andrew cuomo seeking federal aidfor the victims of superstar and sandy, new york and new jersey requting $79 billion from the federal government in order to rebuild. but there are still many foks picking up the pieces, trying to rebuild there lives and businesses. my next guest who lost her entire store in the storm. she says the government has done nothing to help work and finds herself in a circle of...
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what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of t woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is stillushing for the president or democrats. well, the guy got reelected. you don't have to pretend any more, it upsets me, tye young, what do you make of this. >> neil thank you, we have wall street ling people off, main street laying people off, market flat lining up and down one week to the next. just like it was before it crashed in 28, unemploymt number 7 .9% that is very high, real unemployment maybe is almost 17%, and the washington post tells us that ignore it because of hurricane sandy, that is ridiculous. my clients are business owners, they tell me that the cost of living and cost of doing business is going up, t availabilityf business loans is no
what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of t woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is stillushing for the president or democrats. well, the...
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Dec 10, 2012
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the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next yea
the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be...
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Dec 8, 2012
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finding space for the thousands of volunteers who stepped up in the aftermath of superstorm sandy has proven to be a tall order. that's where this ship comes in, the ss wright. it is now home away from home for a couple hundred volunteers from the american red cross and fema core. they are staying together and eating together and playing games and watching sports together, yet it is in patriotic living quarters. and they are manning the 27 disaster recovery centers set up in the tri-state area. many are young and even just right out of high school. it is an interesting dynamic as many of the red cross volunteers are older. retired health care workers. it can be trying. being around storm victims and devastation at times is emotionally exhausting. >> the hardest part for me that i am not able to give them immediate assistance. you have to sign up at first. you have to wait. you have to go through the process. you have to get evaluated and awful that stuff. it is different from the red cross where if you need a lunch they give uh lunch. >> and the living quarters are less than luxurious
finding space for the thousands of volunteers who stepped up in the aftermath of superstorm sandy has proven to be a tall order. that's where this ship comes in, the ss wright. it is now home away from home for a couple hundred volunteers from the american red cross and fema core. they are staying together and eating together and playing games and watching sports together, yet it is in patriotic living quarters. and they are manning the 27 disaster recovery centers set up in the tri-state area....
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Dec 9, 2012
12/12
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says it will suffer a $1.3 billion loss in the wake of super storm sandy. president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out of work since march she got thatjob because of a government grant that only hires those who ire unemployed. d i never would imagine it riuld take a hurricane to bring me to a county position. it was like a blessing, actually. >> reporter: with tons of debris still left to clean up from hurricane sandy, the state themployment arrest almost 9%, this program hopes to solve two problems at once-- getting all of this cleaned up, getting people back to work. the super storm leveled businesses across new york. this program is aimed at the 50,000 new yorkers who lost heir jobs, according
says it will suffer a $1.3 billion loss in the wake of super storm sandy. president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out...
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Dec 7, 2012
12/12
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what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. to come home for the holidays. that'
what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for...
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Dec 4, 2012
12/12
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many left homes by superstorm sandy confronting fema officials. outraged victims say fema has left them to fend for themselves. that is despite president obama's promise to cut the red tape. we're joined by a man from the meeting. tom, i take it this gentleman was not the only one who was distraught with fema, is that right? >> of course. almost everybody at that meeting has different issues with fema, whether you lost your whole house and you have flood insurance or you don't have flood insurance. you know, that's where they're at. some people lost half their house, cars, you know. there's a lot of discrepancy in how fema lets out the money, you know. i can tell you stories where people, i know two people who had the same amount of damage, and one person, and they live on the same type of concrete slab, foundation house, right. and one person's floor is not their living quarters because they had three floors and one person's floor is their living quarters because there's only two floors. that person got 2000. she had like 8 inches of water in her
many left homes by superstorm sandy confronting fema officials. outraged victims say fema has left them to fend for themselves. that is despite president obama's promise to cut the red tape. we're joined by a man from the meeting. tom, i take it this gentleman was not the only one who was distraught with fema, is that right? >> of course. almost everybody at that meeting has different issues with fema, whether you lost your whole house and you have flood insurance or you don't have flood...
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hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting their money in stocks. we have all this covered. we have til mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate
hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting...
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Dec 10, 2012
12/12
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FBC
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many analysts are still blaming the effects of hurricane sandy. both surveys are saying prices will fall even further by the end of the year. merry christmas. michigan, that earth place of unions might be a work to write state as early as tomorrow. when the governor is set to sign a newly passed legislation. not stopping president obama from weighing in. slamming the bill as they give workers the right to work less money. more on this, thank you for being with us. this goes bac back to the tax hy act. states have a right to do this, right? it seems really odd to me the president is getting involved at the state level like this. >> you're absolutely right. one thing that should be noted out this mission becomes the 24th right to work state, over the last decade right-to-work states have seen a net increase of 3.6 million jobs. union states have seen a net decrease of 1 million jobs. this is a good thing, the voters voted for this when they knocked down a proposition on the ballot in 2012 essentially trying to enshrine union rights with the state co
many analysts are still blaming the effects of hurricane sandy. both surveys are saying prices will fall even further by the end of the year. merry christmas. michigan, that earth place of unions might be a work to write state as early as tomorrow. when the governor is set to sign a newly passed legislation. not stopping president obama from weighing in. slamming the bill as they give workers the right to work less money. more on this, thank you for being with us. this goes bac back to the tax...